Last year, Congress passed a major bill to increase spending on new infrastructure projects. You can read about the provisions of this bill here: https://edition.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html Here`s what`s in the bipartisan infrastructure bill. Using this article, answer the following questions in a 2-3 paragraph response: 1. Using the concepts from this module, how will this policy likely affect GDP and the price level? 2. Originally, this bill was also going to include tax increases. What effect would increased spending and increased taxes have on the economy? Why would this combination be done? 3. What are some potential downsides of the infrastructure bill? Link to Article. https://edition.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html
